The Korea Exchange, which has been pushing for a 12-hour extension of transaction hours, is considering operating a 'pre-market' from 7 a.m. to 7:50 a.m.
According to the financial investment industry on 4th, the Korea Exchange has begun to additionally examine this plan along with the existing proposals for extending transaction hours. It is known that relevant opinions have also been conveyed to financial authorities recently.
The newly proposed plan is to first operate a pre-market (from 7 a.m. to 7:50 a.m.) and then, about an hour later, sequentially operate the regular session (from 9 a.m. to 3:30 p.m.) and the after-market (from 3:40 p.m. to 8 p.m.).
In this case, there are opinions that investors will be able to transact stocks on their way to work while differentiating from Next Trade, which opens its pre-market from 8 a.m. to 8:50 a.m.
A source in the financial investment industry noted, "If the transaction hours are moved up to 7 a.m., it seems that this plan was newly proposed because it can solve issues such as the need to transfer bids to the regular session after the pre-market ends."
However, the Korea Exchange drew the line that this is just one of the ideas being reviewed. The Korea Exchange stated, "There has been no confirmation regarding the extension of transaction hours."